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SynerKey LLC
29488 Woodward Ave.
Suite #322
Royal Oak , Michigan 48073
Phone: 248.632.1472
Fax: 248.671.0395
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Contract Analysis and Negotiation
Our professionals have hands on, business experience reviewing, writing, analyzing and negotiating thousands of contracts. This experience and knowledge can prove to be a crucial asset to your company. We have a database of thousands of contracts to benchmark your needs and entitlements against. This is much more than simply cutting costs, where many in-house negotiators stop – it’s about getting the right services at the right times for the best price – only experience and benchmarking ensures the ‘best’ overall contract for you. Remember that vendor contracts are designed to fit their needs – often overpriced, supposedly non-negotiable, selling more or less than you need, not providing an adequate level of service. We KNOW where this happens most frequently, let our experienced professionals help you identify areas of opportunity. We help by providing you with an overall review and analysis of your contracts or negotiate on a contract by contract basis.
If you are in a Chapter 11 restructuring you can’t do without these skills – they are essential in your executory contract process, we go deeper and farther than bankruptcy consultants, attorneys and internal staff - we have hands on, business experience, we have been in your shoes. We have conducted contract reviews and negotiations in extremely fast paced environments with extremely impressive results and proven tools and techniques.
In a progressively more competitive business climate we believe that those who will survive and prosper are those who know how to negotiate with confidence. The significance of negotiation as a core skill grows on a daily basis, yet many people remain ineffectively trained… consider the consequences of mistakes made during business negotiations… can your company afford these mistakes? Mistakes that may not be discovered for years to come, if ever, silent mistakes that continuously drain your cash flow. Don’t let a negotiation mistake cost your company for years to come – you can’t afford to go into a negotiation blind.
Contract Management System
The vast majority of business relationships are conducted via negotiated contracts - a lack of visibility to critical contract clauses and dates creates the potential for cost and leverage leakage as well as increased risk. To truly bring your organization into the future of strategic procurement and contract management, we can help you establish a Contract Management System appropriate for your business.
This is an essential tool for your future - providing a dashboard for your procurement team as well as visibility to spend and contracts - critical in today's world with Sarbanes-Oxley and other compliance regulations. A tool to improve visibility, accuracy and efficiency of contractual and financial relationships. A tool that enables you to be proactive, not reactive.
This tool is still far under utilized in business today, yet the benefits and ROI are very real as further demonstrated by the below quotes. Eliminate 'auto-renewals', reduce maverick contracts, enforce policies, identify, track and manage all commitments, identify and prevent overcharges, reduce off contract spending - the benefits go on and on. You will determine the right time for renegotiation, not your suppliers. You will be able to hold vendors accountable for services. Information on committed spend, significant contracts, vendor commitments and more will be at your fingertips.
"The average Fortune 1000 company has between 20,000 and 40,000 active contracts, up 20% in the last 5 years." (Institute for Supply Management)
"The past decade has seen a revolution in the role of contracts - transforming them from purely legal necessities for protecting against worst-case outcomes, into tools for optimizing ongoing business relationships. The way they are managed must be transformed too." (PriceWaterhouseCoopers)
"The scariest thing is that nobody knows exactly how much they lose with their manual contract management practices." (MEMBA)
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